TACAA320
Topic Author
Posts: 7153
Joined: Fri Aug 06, 2004 3:03 am

Italy Says Ready To Help On Alitalia Job Cuts

Tue May 22, 2007 3:33 am

"


ROME, May 21 (Reuters) - Italy is prepared to help ease the pain of any job cuts after it has sold its controlling stake in airline Alitalia (AZPIa.MI: Quote, Profile , Research), the government said on Monday.

Rome has shortlisted three bidders for the loss-making airline. The government has said it will choose the buyer on the basis of the plans to turn the airline around rather than on price.

"As the third phase of the Alitalia privatisation process begins, the government confirms its readiness to adopt the most opportune and consensual initiatives with regards to the possible impact on jobs of the industrial plan presented by the selected buyer," said a statement from Prime Minister Romano Prodi's office.

Any state intervention would "respect European Union norms," the statement added. EU rules aimed at ensuring fair competition prevent governments from handing state aid to their flag carrier airlines, a practice that used to be common...

"
http://yahoo.reuters.com/news/articl...-39_L2161253&type=comktNews&rpc=44
'Science without religion is lame, religion without science is blind'. Albert Einstein
 
PanAm747
Posts: 4713
Joined: Mon Mar 01, 2004 4:46 am

RE: Italy Says Ready To Help On Alitalia Job Cuts

Tue May 22, 2007 3:40 am

It will be interesting to see the battle between the new owners, hoping to streamline efficiency, and the heavily unionized AZ workers threatening to strike at every turn.

Maybe we could rent out the Coliseum and televise the battle.

Might be a lot of nervous OA workers watching carefully...they have GOT to be next in line!
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TACAA320
Topic Author
Posts: 7153
Joined: Fri Aug 06, 2004 3:03 am

RE: Italy Says Ready To Help On Alitalia Job Cuts

Tue May 22, 2007 6:16 am

Quoting PanAm747 (Reply 1):

Maybe we could rent out the Coliseum and televise the battle.

No doubts about it!
We could earn more money than AZ.
'Science without religion is lame, religion without science is blind'. Albert Einstein